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MARKHAM, Ontario, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Extendicare Inc. (“Extendicare” or the “Company”) (TSX: EXE) today announced the appointment of Donald Clow and Heather-Anne Irwin to its board of directors for a term to expire at the next annual meeting of shareholders, whereupon Mr. Clow and Ms. Irwin will stand for election. Concurrent with these appointments, the Company also announced the retirement of Al Mawani from the board of directors after seven years of service. In his time on the board, Mr. Mawani served as a member of various committees, including chair of the Investment Committee. These changes return Extendicare’s board to nine directors.
Mr. Clow is a highly regarded executive with deep experience in the real estate sector having held C-suite positions in several organizations. He served as President and CEO of Crombie REIT (TSX: CRR.UN) from 2009 until 2023, prior to which he held the position of President at ECL Developments Ltd., the real estate development subsidiary of Empire Company Ltd. He was also President and minority owner of Southwest Properties Ltd., a residential and commercial real estate development company in Halifax. Mr. Clow was named Waterstone’s Most Admired CEO in Canada (Mid-Market) in 2023 and he has been inducted into Atlantic Canada’s Top 50 CEOs Hall of Fame.
Mr. Clow is the Independent Lead Trustee of H&R REIT (TSX: HR.UN), where he is a member of the Audit, the Compensation, Environmental, Social, Governance and Nominating, and the Investment Committees. He is also a member of the board of the Queen Elizabeth II Health Sciences Centre Foundation. Mr. Clow previously served as a trustee of Granite REIT (TSX: GRT.UN) from 2016-2019 and a governor on Acadia University’s Board of Governors from 2012-2021.
Mr. Clow is an FCPA, holds a Bachelor of Business Administration from Acadia University and is a graduate of the Rotman Directors Education Program.
Ms. Irwin is Adjunct Professor of Finance at the Rotman School of Management, U of T and a corporate director. Ms. Irwin had a 17-year career in capital markets on Bay Street before moving to the Rotman School of Management. Her capital markets experience covers equity capital markets, debt capital markets and investment banking at TD Securities from 1996–2002, Nesbitt Burns from 1989–1996 and Citibank Canada from 1986–1989.
Ms. Irwin currently serves on the board of Artis REIT (TSX: AX.UN) where she is a member of the Audit and the Governance, Nominating and Compensation Committees. She is also a director of the Ontario Financing Authority (a provincial crown corporation), where she sits on its Audit Committee. She previously served on the boards of Invest REIT (TSX: INN.UN) where she chaired the Governance, Compensation and HR Committee and the Centre for Addiction and Mental Health Foundation.